Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

16553 W Desert Bloom Street Goodyear, AZ 85338

3 Beds 3 Baths 1,446 sqft Built 2006

$270,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $186.72
  • 2 Days on Market
  • MLS # : 6185041
  • Updated Date : 01/24/2021 at 03:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,446 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful and well maintained Goodyear home in desirable Canyon Trails. Must see interior is open and bright with a spacious great room floor plan, perfect for gathering and entertaining. Attractive low maintenance tile flooring downstairs. Stylish kitchen includes SS appliances, quartz countertops, breakfast bar and walk-in pantry. Owners suite includes spacious walk in closet. Loft features a built-in desk area perfect for working or learning from home. Huge backyard with a covered patio and a sprawling grassy area with plenty of room for pets, play, entertaining and more. Smart home features include new fans, thermostat, garage door opener, and irrigation timer. Conveniently located near the I-10, 303, schools, shopping and dining. This gem will sell in a flash!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Trails

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k302k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Canyon Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9311646

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Copper Trails School Primary Regular 922 39 6
Copper Trails School Middle Regular 922 39 6
Desert Edge High School High Regular 1,744 80 3

Copper Trails School

  • Education Level: Primary
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Copper Trails School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Desert Edge High School

  • Education Level: High
  • # of students: 1,744
  • # of teachers: 80
3
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$938
Property Tax -$180
Property Insurance -$55
HOA -$29
Property Management Fees -$99
CASH FLOW
$179

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$270,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$33,056

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,480

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,479

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,3754$1,4505$1,480
$1,480
RENT COMPS ANALYSIS
  • 16553 W Desert Bloom Street Goodyear, AZ 5
    • 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.02
    •  
  • 16776 W Hadley Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 2006
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.00
    •  
  • 16529 W Tonto Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 2007
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.00
    •  
  • 16122 W Desert Bloom Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 1996
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.02
    •  
  • 1122 S 166th Avenue Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 2006
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
PROPERTY LISTING DETAILS
Maria Paulina Ruiz
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185041
Last Updated: 01/24/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy